Probability
Statistics
Finances 1
Finances 2
100
If there are 9 yellow marbles, 8 red marbles, 3 blue marbles, this is the probability of drawing a red marble as a percent?
What is 40%
100
Observational Study or Experiment: You sit at a DCCC basketball game and count the number of people who bring in a snack.
What is an observational study?
100
If you bought a computer for $257 with a sales tax of 7%, this is the final price of the computer.
What is $274.99?
100
Fill in the blanks: ______ is to APR as compound interest is to ______.
What is simple interest and APY?
200
If there are 9 yellow marbles, 8 red marbles, 3 blue marbles. 3 of the red marbles have stripes and 2 of the yellow marbles have stripes. This is the probability of picking a marble with a stripe or picking a yellow marble as a percent.
What is 60%?
200
Observational Study or Experiment: A group of students are split into two groups. One is given a hard copy of a textbook and the other is given an electronic copy of a textbook. At the end of the semester, you compare the grades of the two groups.
What is an experiment?
200
This is the simple interest gained on a savings account that has $500 in it with an APR of 8.35% after one year.
What is $41.75?
200
This is the interest owed on a loan of $125,000 compounded monthly after 5 years with the APR at 4.2%.
What is $29,153.23?
300
A study was done on 50 individuals. 2 out of the 20 men liked to dance while 16 out of the 30 women liked to dance. If you picked one individual out of the fifty, this is the probability that the one you picked is a man that does not like to dance as a percent.
What is 36%?
300
This is a number that can be used as a statistical tool to show how wide or how narrow the distribution of a data set is.
What is the standard deviation?
300
Fill in the blanks: as the _______ payment goes down over time on a mortgage, the _______ payment goes up.
What is interest and principal?
300
If you pay on a credit card before the due date, then the _______ goes down.
What is average daily balance or finance charge or minimum payment?
400
A study was done on 50 individuals. 2 out of the 20 men liked to dance while 16 out of the 30 women liked to dance. If you picked a person that does not like to dance, this is the probability that the person is a women as a percent.
What is 43.75%?
400
Carol took her chemistry and Calculus final exams today. Oddly, she scored a 93 on both. If the mean of the chemistry test is 78 with a standard deviation of 5 and the mean of the Calculus test is 75 with a standard deviation of 6, then this is the final exam she did the best on relative to the rest of the class.
Trick question: What is both or they are the same?
400
If the monthly finance charge for the month of March on a credit card is $12.25 with a balance of $980, this is the APR for the credit card.
What is 15%?
400
Terry gets a monetary gift, from an aunt, of $23,752. Terry withdraws $4,500 and then invests the rest for 6 years with an APR of 5.23% compounded monthly. After the 6 years, this is the total amount he has gained from the gift.
What is $30,830.64?
500
In a game of chess the odds against player A winning is 4:1 and the odds against player B winning is 3:1. If the only outcomes are player A wins, player B wins, or they tie, this is the probability that they tie as a percent.
What is 55%?
500
Shane's z-score of his height is -1.2 compared to the rest of his grade level. If the mean of the grade level is 5 foot 8 inches tall with a standard deviation of 2.5 inches, this is Shane's height.
What is 65 inches or 5 foot 5 inches?
500
If the monthly finance charge for the month of March on a credit card is $12.25 with a balance of $980, this is the APY for the credit card.
What is 16.1%?
500
Joe has a gross income of $79,000, can itemize $9,000 in deductions, and is eligible for a $3,000 tax credit. This is the amount of tax he owes.
What is $9,968.75?